K1 Hedge Fund Manager Helmut Kiener Held Under Arrest

Bloomberg – Helmut Kiener, the K1 Group hedge- fund firm founder who was arrested yesterday, must remain in custody after a court’s ruling, said a spokesman for prosecutors in Wuerzburg, Germany.

The German court made its ruling today after a hearing for Kiener, 50, prosecutors’ office spokesman Dietrich Geuder said in a telephone interview. Geuder declined to say if Kiener, who is suspected of fraud and breach of trust, made any comments on the allegations during the hearing.

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